Rushil Decor hits lower circuit for 2nd straight day; tanks 28% in two days

India Ratings and Research (Ind-Ra), on May 17, had downgraded RDL's long-term issuer rating to 'IND BBB' from 'IND A-' with a negative outlook.

Shares of Rushil Décor (RDL) hit the 10 per cent lower circuit for the second straight day on the BSE on Wednesday after concerns over weak earnings hit investors' sentiment. The stock, which was locked at Rs 344 apiece, was also at its 52-week low, having tanked 28 per cent in the past two trading days.

Till 09:55 am, a combined 2,452 shares had changed hands and there were pending sell orders for 1,45,183 shares on the NSE and BSE.

Over the past month, the stock has shed 50 per cent of its value from Rs 687 after the company